On most days I'd agree with your strategy. However, it would seem that those getting out have quite sizable parcels to close out. Largish day volumes. Aggressive selling into bid. I don't think day traders have shown up and nor do I think they will until majors take their foot off sta's throat.
I would be waiting to see the flavour of the qrtly: maybe get a better understanding of processing resurrection: hopefully get a better understanding of stockpiles and rationale for zot shipments.
lot of balls in the air...
so no swing trade for me... yet.
There's plenty of upside to gather if and when it turns. Do leaving a little on the table seems a better idea
have a great day
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